The Filing Desk

Boyd Gaming vs Rush Street Interactive

Boyd Gaming BYD · Rush Street Interactive RSI · Casinos & Gaming

Boyd Gaming reported revenue of $4.1 billion in fiscal 2025, 3.6 times Rush Street Interactive's $1.1 billion in fiscal 2025. Boyd Gaming's revenue grew 4.1% in its latest year, and Rush Street Interactive's grew 22.8%. Boyd Gaming had an operating margin of 18.3%, against 7.7% at Rush Street Interactive. Free cash flow was $388 million at Boyd Gaming and $164 million at Rush Street Interactive.

Side by side

Boyd GamingRush Street Interactive
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$4.1B$1.1B
Revenue growth4.1%22.8%
Revenue growth a year, last 5 years13.4%32.4%
Gross margin—34.6%
Operating margin18.3%7.7%
Net margin45.0%2.9%
Free cash flow$388M$164M
Free cash flow margin9.5%14.5%
Return on capital13.5%—
Net debt to EBITDA1.6x—
Dividends and buybacks$836M$8M
Change in diluted share count−12.5%167.1%
Last close$72.46$16.30
P/E at the last close3.2×26.3×
Insider trades, last 12 monthssold $26.4 millionbought $29,025, sold $360.3 million
Piotroski F-score6 of 8—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Boyd GamingRush Street Interactive
Operating margin
Percent of revenue
Boyd GamingRush Street Interactive
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Boyd GamingRush Street Interactive

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Boyd Gaming and Rush Street Interactive pages.